Docusign Inc. (NASDAQ:DOCU – Get Free Report) CEO Allan Thygesen sold 26,250 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $69.29, for a total transaction of $1,818,862.50. Following the completion of the sale, the chief executive officer owned 166,801 shares in the company, valued at $11,557,641.29. The trade was a 13.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Docusign Price Performance
NASDAQ DOCU opened at $69.01 on Monday. The company has a market capitalization of $12.90 billion, a PE ratio of 42.08, a P/E/G ratio of 2.56 and a beta of 0.86. The company has a fifty day moving average of $63.52 and a 200 day moving average of $53.02. Docusign Inc. has a 1 year low of $40.16 and a 1 year high of $75.00.
Docusign (NASDAQ:DOCU – Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.09 by $0.07. The company had revenue of $875.75 million for the quarter, compared to analyst estimates of $867.22 million. Docusign had a net margin of 9.82% and a return on equity of 18.29%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. Research analysts expect that Docusign Inc. will post 2.13 earnings per share for the current year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several brokerages recently weighed in on DOCU. UBS Group lifted their price target on Docusign from $54.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. Needham & Company LLC restated a “hold” rating on shares of Docusign in a research report on Friday, September 4th. Bank of America raised their price objective on shares of Docusign from $58.00 to $64.00 and gave the stock an “underperform” rating in a research note on Friday, September 4th. Royal Bank Of Canada lifted their target price on shares of Docusign from $55.00 to $70.00 and gave the company a “sector perform” rating in a report on Friday, September 4th. Finally, Wall Street Zen cut shares of Docusign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $67.33.
Get Our Latest Analysis on DOCU
About Docusign
DocuSign, Inc (NASDAQ:DOCU) provides cloud-based software for electronically signing, managing and automating agreements. Its platform enables individuals and organizations to prepare, send, sign, track and store documents digitally, helping replace paper-based contracting processes.
The company’s offerings include electronic signature tools, contract lifecycle management, identity verification and authentication services, document generation, agreement analytics and related workflow automation capabilities.
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